Amazon has plans to offer financial services to their customers but so far has focused on providing credit to small...
The KPMG Pulse of Fintech Q3 report pointed to 274 deals worth over $8bn in investment; the hottest areas of investment include artificial intelligence, insurtech, regtech and blockchain; the three biggest countries come as no surprise with the US, China and the UK dominating their respective regions. Source.
America’s Credit Union (ACU) partners with cross border payments company Veem to expand their reach to small businesses; the partnership...
Cambridge Bancorp in Massachusetts formed an innovation group in 2016 and is now positioned to compete against bigger banks; head of the innovation Group Scott Chamberlin tells American Banker, “We spent a couple years proving … we could win business externally and, more importantly, internally from a credit standpoint. We’ve proven that out. This is year we start to add scale.”; the bank is looking to be an alternative to the likes of Silicon Valley Bank and Square 1; they see a differentiating characteristic being their local reputation and that they are in it for the long haul. Source.
Microinvesting fintech app Blast has come up with a new way for individuals to save money, video games; unlike past attempts where a bank has created a savings game, Blast’s idea is to use existing games like League of Legends or Counter-Strike: Global Offensive where players are rewarded for tasks completed; this new style of gamification is not trying to change the user but instead it looks to use the framework of a customers existing life; they are currently starting with a savings account but are seeking partnerships with financial institutions. Source.
Otting said Wednesday to reporters that no firms considering the OCC Fintech Charter have mentioned concerns about the Fed standing...
Business Insider asked some leading fintech investors their advice for companies during the current crisis; investors include Bain Capital Ventures,...
Yesterday BBVA launched their new mobile app, called Mobile 9.0; the multinational bank localized the app for each country and...
Fintech startup Earnin, who bills itself as an early access program for people to get a piece of their paycheck...
Digital wealth management fintech SigFig has launched their new SigFig Atlas platform for banks as the startup looks to take...